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Didn't quite get to the 78.6% retracement, but broke nicely out of a falling wedge (which I hadn't spotted on my previous chart attempt).
The price has also popped its head above the 200DMA again, and has spent the last few days back-testing it. A strong move off this in the next day or two should cement the end of the correction period and begin a new bullish ...
Elliott Wave analysis of NUOG on the daily chart tells me that it is still in a corrective phase, but should be nearing the end of that soon. Interestingly note that W5 was the extension in the bull phase, not W3 which is more common.
I believe that Wave C will finish around the same level that Wave 4 did on the way up - this is supported by EW theory. And ...